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The California Tax Preparer Surety Bond is required by the California Tax Education Council. In order to do business in the State of California, tax preparers must have this bond on file with the California Tax EducationCalifornia Tax Preparer Surety Bond Council (CTEC).

 

According to the CTEC, a “tax preparer” includes:

  •  A person who, for a fee, assists with or prepares tax returns for another person or who assumes final responsibility for completed work on a return on which preliminary work has been done by another person, or who holds himself or herself out as offering those services.
  • A corporation, partnership, association, or other entity which persons will have as part of their responsibilities the preparation of data and ultimate signatory authority on tax returns or that holds itself out as offering those services or having that authority.

How to Get a California Tax Preparer Surety Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

  1. Complete the easy to navigate and secure online application.
  2. Review the free, no obligation instant quote.
  3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the California Tax Preparer Surety Bond will be sent via email to the bond applicant.

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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What are the requirements to be a California Tax Preparer?

The following requirements must be met in order to effectively register as a tax preparer in the state of California:

  • Complete 60 hours (45 hours federal and 15 hours state) of qualifying tax education from a CTEC Approved Provider
  • Obtain a PTIN (Preparer Tax Identification Number) from the IRS
  • Obtain a $5,000 California Tax Preparer Surety Bond

The applicant must register within 18 months from the completion date of the certificate of completion for the training hours. The CTEC also requires a $33 filing fee upon registration.

What is the purpose of a California Tax Preparer Surety Bond?

This surety bond is required as a form of financial security for any potential claims made against the tax preparer. If a client feels they have been financially harmed by the tax preparer, they can make a claim on the bond which the surety company would pay out if settled. Unlike insurance, the bond principal (the tax preparer) must repay the surety company for any losses incurred due to claims.

There are two types of California Tax Preparer Surety Bonds:

  • A Tax Preparer Bond for one individual tax preparer, generally written using the individual’s name.
  • A Tax Preparer Bond for multiple tax preparers, which is generally written using the name of a business. This bond provides the required bonding for up to 25 individual tax preparers.

Both of the bonds are issued under Section 22250 of the California Business and Profession Code, which notes that:

“a tax preparer shall maintain a bond issued by a surety company admitted to do business in this state for each individual preparing tax returns for another person. The principal sum of the bond shall be five thousand dollars ($5,000).”

 

How to Get Your California Tax Preparer Surety Bond

  1. Complete an online application. It’s free and no-obligation.
  2. One of our surety experts will contact you with a firm quote and an agreement to sign.
  3. Provide payment and your signed agreement, and then you will receive your Surety Bond!

If you have any questions, please call us at 877-654-2327.

How to Get Bonded

1. Apply Online
Using our Free & Secure Application
2. Get Your Free Quote
Applications are No-Obligation
3. Get Your Bond
Most Bonds are Approved in 1-2 Business Days

Surety Bond Experts

Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.

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